OpenAI sticks with nonprofit control despite board restructuring plans
Monday, May 5, 2025, 2:20 pm
OpenAI has reversed course on its planned split into a for-profit entity. After months of debate and public scrutiny from tech luminaries, the company is keeping its nonprofit governance intact—much to the chagrin of those who were eagerly waiting to see a for-profit twist.
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The startup behind ChatGPT is going to remain in nonprofit control, but it still needs regulatory approval.
OpenAI has scrapped a restructuring initiative that would have separated its for-profit and nonprofit arms. Chief Executive Officer Sam Altman announced the move today in a memo to employees. OpenAI launched in 2015 as a nonprofit artificial intelligence research lab. Four years later, it created…
The company will abandon plans to restructure.
The nonprofit board will retain control, but now investor billions hang in the balance.
OpenAI is restructuring: Its for-profit arm will become a public benefit corporation, but full control stays with the original non-profit. The article OpenAI restructures as public benefit corporation under non-profit control appeared first on THE DECODER.
Funny what a public scolding from AI luminaries and a word from state AGs can do OpenAI's contentious plan to overhaul its corporate structure in favor of a conventional for-profit model has been reworked, with the AI giant bowing to pressure to keep its nonprofit in control, even as it presses…
Amidst lawsuits and petitions, OpenAI has decided its nonprofit parent will keep control, abandoning plans for a more independent for-profit Public Benefit Corporation. The post OpenAI Backtracks on Restructuring, Nonprofit Arm Retains Control Following Massive Pressure appeared first on WinBuzzer.
OpenAI has been working for months to no longer be controlled by a nonprofit. It's now giving up. In a company blog post published on Monday, nonprofit board chairman Bret Taylor said that OpenAI is abandoning its plan to become controlled by a for-profit after "hearing from civic leaders and…
OpenAI ditches plan to convert to for-profit business Financial Times
The maker of ChatGPT said it made the decision to remain under the control of a nonprofit organization.
OpenAI Decides Not to Split From Its Nonprofit, Handing Musk a Victory The Information
OpenAI has decided that its nonprofit division will retain control over its for-profit org, after the company initially announced that it planned to convert to a for-profit organization. According to the company, OpenAI’s business wing, which has been under the nonprofit since 2019, will transition…
permalink / 12 stories from sources in 5 hours ago #ai #openai #governance #altman
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